Rail equipment company Westinghouse Air Brake Technologies (NYSE:WAB) will be reporting results this Wednesday before the bell. Here’s what to look for.
Wabtec beat analysts’ revenue expectations last quarter, reporting revenues of $3.18 billion, up 17.5% year on year. It was a mixed quarter for the company, with full-year EPS guidance slightly topping analysts’ expectations but a significant miss of analysts’ organic revenue estimates.
Is Wabtec a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Wabtec’s revenue to grow 11% year on year, improving from the 8.4% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Wabtec has missed Wall Street’s revenue estimates multiple times over the last two years.
With Wabtec being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unfold for heavy machinery stocks. However, the whole sector has faced a sell-off over the last month with stocks in Wabtec’s peer group down 5.9% on average. Wabtec’s stock price was unchanged during the same time .
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